10 Questions
Which of the following best describes strategic management?
A process to allocate resources and capabilities for superior firm performance
What does strategic management help answer?
Why some firms outperform others
What is the role of creativity in strategic management?
It is just as important as strategic management
What is the historical origin of strategy formation?
Ancient warfare
What is the purpose of analyzing the external, competitive, and internal environments in strategic management?
To shape the strategies pursued by a firm
Which of the following is NOT a function of financial management?
Marketing
What is the main purpose of financial management?
To handle a company's finances successfully
Which department is responsible for ensuring all departments stay on track in terms of financial management?
VP of Finance
What can ERP software help finance teams achieve?
All of the above
Which of the following is NOT a financial function combined in a financial management system?
Supply chain management
Test your knowledge of strategic management with this quiz! Explore the key concepts, external and internal analysis, and strategic decision-making processes that contribute to a firm's success.
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